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Columbia Praised for Voiding Prize

October 15, 1987|Associated Press

NEW YORK — Business school officials nationwide praised Columbia University on Wednesday for voiding a $100,000 student prize offered by corporate takeover strategist and part-time teacher, Asher B. Edelman.

The decision made Tuesday by Columbia Business School Dean John C. Burton to scrap the prize, offered to anyone in Edelman's class who could find him a good company to buy, was sharply disputed by Edelman and some members of the class, titled "Corporate Raiding: The Art of War."

The conflict raised questions about what subjects should be taught in U.S. business schools and whether students who enter the highly competitive institutions have become infatuated with greed at the expense of other values.

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